Frank Vargo Quotations

We're not asking for special favors. We just want the same thing that we give our Chinese partner -- a flexible currency, market access and intellectual property rights protection.

We've seen this movie before. What Treasury is saying is pretty much of a rerun of what it said back in May.

So many of the consumer electronics we buy from China are simply assembled there from parts made in other Asian countries. In yuan terms, that would make the parts they buy cheaper. So it wouldn't have much effect.

Since imports start from a much larger base, we need more sharply positive export growth rates to stabilize or reduce the deficit.

I am hopeful. I think the stars are aligned on this. The Chinese have stuck their little toe in the water, and it didn't freeze off. I think the time is right for them to take the next step.

What we want the government to do is to make it plain that currency values should reflect economic fundamentals, and governments shouldn't interfere with that.

I think a very important thing happened. There was agreement that we shouldn't be negotiating only on agriculture.

We are sending a letter right now that will arrive on Monday to request a meeting. We'll probably have meetings with them next week to explain the damage being done to the U.S. economy.

This really sounds like a missed opportunity. We were really hoping that significant progress would be made so that both governments would begin to work together to address this very large trade imbalance.

Everything is on pause waiting for these meetings. If nothing comes out of them, that can fan the flames of those in Congress who want to take matters into their own hands.

As helpful as these individual steps are, they need to be followed by systemic changes that will put our trade relationship on a more fair basis.

This is not what we wanted, and we have serious concerns.

It's an election year and the trade balance keeps getting worse.

It's really outrageous that China's been in the WTO for five years and they still have not identified their subsidies to the WTO.

The Chinese would be smart to move. It would head off trade angst in this country and head off potentially damaging legislation.

If foreign companies were to decide to invest somewhere else, that would have an impact on U.S. jobs.

He (Snow) has been very reasonable in his approach to China, but time is running out on this issue.

Colombia has to recognize that the clock is running.

Governments should not be interfering with the markets.

You've got to offset the losses. If we don't get the market access we need, we're going to turn to our Congress and say that we can't support this agreement.

The global economic recovery best served by having currencies reflect fundamentals.

The Chinese need to move soon. The important thing is not what was said but who said it.